From the Manager's Desk

Jun 01, 2024


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June 2024

We began distributing this year’s patronage and equity redemption checks with our May open house events in Mt Horeb, LaFarge, and Westby. With a little help from Mother Nature, we were lucky to have beautiful weather and an even better turnout for each open house. If you were not able to stop in to pick up your check this year, you should see it arrive in your mailbox by mid-June. Checks began getting mailed the last week of May and could take a couple of weeks to complete.

In addition to returning a record amount of cash back to our members, posting successful financial results year over year allows Premier to continue reinvesting in our people and facilities, supporting agricultural and youth organizations throughout the communities we serve, and awarding thousands of dollars in college scholarships each year. These are just a few examples of what your cooperative does with the profits it generates to benefit its members, all while continuing to grow and add new members every day. It’s a great story to tell.

During the month of June, we will also complete sending out our propane contracts and safety mailings for the coming heating season. With the never-ending volatility surrounding the global energy markets, and contract prices now near last year’s levels, be sure to choose from one of the many contracting options we offer to lock in your supply and prices for the upcoming year. As Tim writes about each year, the peace of mind you’ll have knowing you won’t have unexpected price spikes next winter is well worth the few minutes it will take to complete and return a contract. If you do not purchase propane from us, or do not receive a contract by the end of June, please give our nearest energy office a call and our staff will take care of you. If you receive a packet in the mail, please be sure to open the safety information and share it with your entire family. Thank you for supporting our energy team and for helping your cooperative become one of the leading propane suppliers in the United States.

Have a wonderful Father’s Day and June Dairy Month. Please remember to support our hardworking farmers by consuming as much dairy, meat, eggs, and local vegetables as you can. Have a great month.


Matt Severson

CEO

Read More News

Jul 02, 2024

Every year, I get fooled by some article on milk pricing and the forecasters predicting the price that we will see in the future. They take on the nearly impossible quest of prediction with the same confidence of the newscaster reading the weather on my tv, and we all know how that went this spring. In February the mailbox price was in the $15 cwt range and now, fast forward to June, we are around $19 cwt. On a 600-cow dairy, that’s about $75,000 a month difference equating to just under a cool million in a year. How does your farm handle this volatility? I don’t think there’s a magic cookie cutter answer in how we manage this, and it appears volatility is here to stay in commodity prices.  

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